政策频发推动储能需求增长，利润潜在增长空间巨大 储能业务方面，公司正全力构建完整的产品体系，从电池模块到能量管理系统，再到集装箱储能系统， 全链条布局稳步推进。公司通过与行业优质企业的强强联合，在工商业储能的电网侧储能领域，已实现 从零部件供应商到系统集成商的战略转型，2025年上半年实现营收2.45亿元。 第三季度，储能方面政策利好频出。9月12日，国家发改委、国家能源局联合印发《新型储能规模化建 设专项行动方案(2025-2027年)》，提出到2027年，全国新型储能装机规模达到1.8亿千瓦以上，显示储 能市场强劲的增长潜力。10月1日，1192号文《关于完善价格机制促进新能源发电就近消纳的通知》正 式落地实施，标志着新能源电力产业进入"全面市场化"阶段，相关企业用电成本上升将大幅提高储能设 施建设需求。两大政策齐力推动储能需求增长，市场供给压力进一步增大，有望增厚公司利润空间。 富佳股份在机器人、储能领域的前瞻布局顺应时代需求，展望未来，在全行业绿色化、智能化的浪潮 中，公司"一体双翼"的战略布局正逐步兑现其盈利潜力，"双翼"腾飞指日可待。(CIS) 10月27日晚，富佳股份（603219）(60321 ...

Core Viewpoint - The solid-state battery sector experienced a significant surge on May 21, driven by the unveiling of multiple new products at the 17th Shenzhen International Battery Technology Exchange Conference, with notable stocks like Lingpai Technology and others reaching their daily limit up [2][5]. Group 1: Company Developments - Lingpai Technology, a state-owned enterprise in Hunan, shifted its focus to solid-state battery research and development after transitioning to the new energy battery sector in 2022 [2]. - The company announced that its wholly-owned subsidiary, Suzhou Lingpai, has completed foundational tests for solid-state electrolytes and batteries, achieving an energy density of 240Wh/kg with the high-voltage VDA355 module and has applied for relevant patents [2]. - Lingpai Technology plans to establish the world's first GWh-level repair-type solid-state battery testing line at its Jiangsu Jintan base by April 2025, with mass production of compatible products expected in 2026 [2][4]. Group 2: Technological Advantages - The core technological advantages of Lingpai Technology in the solid-state battery field include a "lithium replenishment" repair technology that extends battery cycle life to 80,000 times, nearly ten times the industry average [4]. - The company has developed a solid-state battery that operates stably in a wide temperature range of -40℃ to 100℃, in collaboration with the Fudan team, utilizing lithium trifluoromethanesulfonate [4]. - Lingpai Technology's solid-state battery technology has been applied in emerging scenarios such as drones and low-altitude aircraft, with a 5000mAh high-capacity battery designed to meet the lightweight requirements of eVTOL (electric vertical takeoff and landing) aircraft [4]. Group 3: Financial Performance - Despite significant technological breakthroughs, Lingpai Technology faces considerable financial pressure, with a debt-to-asset ratio of 93% and a current ratio of 0.8 as of the end of Q1 2025, indicating liquidity risks [5]. - The company's operating cash flow was negative at -28.48 million yuan, with short-term borrowings increasing by 252.33% year-on-year, intensifying repayment pressures [5]. - Lingpai Technology has increased its R&D investment, with Q1 2025 R&D expenses reaching 7.78 million yuan, a 34.53% increase year-on-year, accounting for 17.4% of revenue, significantly above the industry average [5].